HUD Homes near New Orleans, LA

New Orleans is the most populous city in the state of Louisiana. It is a consolidated city-parish located along the Mississippi River. New Orleans is world-renowned for its distinct music, Creole cuisine, unique accent, and its annual celebrations and festivals, most notable Mardi Gras.The city is known for stylish boutique, cocktail hours, bar scenes, neighborhood restaurants, live music, concerts and bands, antique and vintage shops, cafes, coffee bars, and ethnic foods.

Check out 300 New Orleans, LA HUD homes for sale, which may include auction properties, for sale by owner, and more.

Top Reasons to Buy a HUD Home in New Orleans

New Orleans Housing statistics According to the US News the average cost to buy a home in New Orleans is approximately $184,000, which is lower than the national average. Although, in recent years the home prices have increased, due to the lack of housing. There are many affordable options for those who are looking to rent instead of buying a home in New Orleans. The monthly cost to rent is slightly below the national average. The cost of buying and renting a home in New Orleans varies greatly depending on the neighborhood. To buy a home in Lake Terrace and Oaks, Lake Shore-Lake Vista, and City Park cost 4-5 times as much as a home in West Lake Forest, Plum Orchard and Gentilly Woods. The cost of living in New Orleans is roughly the same as the national average.

Living in New Orleans The city has many visitor attractions, from the world-renowned French Quarter, with popular hotels, bars and nightclubs, St. Louis Cathedral, the French Market; to St. Charles Avenue, home of Tulane and Loyola Universities, the historic Pontchartrain Hotel, and many 19th-century mansions; to Magazine Street with its boutique stores and antique shops.

The New Orleans area is home to numerous annual celebrations, most notable Mardi Gras. It is celebrated for two weeks, usually with one major parade each day, many days have several large parades. In the final week of Mardi Gras, many events occur including parades and balls.

New Orleans is world-famous for its food, the cuisine is distinctive and influential. New Orleans food combined local Creole, haute Creole and New Orleans French cuisines. Local ingredients, French, Spanish, Italian, African, Native American, Cajun, Chinese and a hint of Cuban traditions combine to produce a unique and easily recognizable New Orleans flavor.

Transportation and commutes in New Orleans Almost all working New Orleans residents commute by driving alone, or commute via carpool. The New Orleans Regional Transit Authority (RTA) provides public transit in the city, they operate a bus system and streetcars. The city has the Canal Street Ferry, which connects downtown New Orleans at the foot of Canal Street with the National Historic Landmark District of Algiers Point across the Mississippi. The city's flat landscape, simple street grid and mild winters facilitate bicycle ridership.

Amtrak serves the city providing it with railroad service, it has 3 lines operating to and from the city. The Crescent, operating between New Orleans and New York City. The City of New Orleans, operating between New Orleans and Chicago. The Sunset Limited, operating between New Orleans and Los Angeles.

Louis Armstrong New Orleans International Airport (MSY) is the main and largest airport in the area. The airport provides many flights to domestic destinations in the entire country, some destinations only have seasonal flights. It also provides flights to international destinations including Canada, the Dominican Republic, Mexico, Panama, the United Kingdom, and Germany.

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